890 Solomon St Griffin, GA 30223-3745
Property profile & analytics
890 Solomon St, Griffin, GA 30223-3745
- Office buildings
- 1,734 SF
- 5.64 lot acres
Property ID
US22-4140972
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Newton Crouch Company, LLC / Production Facility / Industrial Manufacturer
Property Details for 890 Solomon St
- Year built
- 1950
- Construction
- WOOD FRAME
- Lot size
- 5.64 lot acres
- Zone code
- MDR
- Property type
- Office buildings
- APN
- 019 -12-011
- APU
- 1912011
Description
This exceptional investment opportunity presents a 34,458 square foot industrial manufacturing facility located at 890 East Solomon Street, Griffin, GA 30223, on a 5.64-acre lot. The property is currently 100% occupied under a Net Lease (NNN) agreement with Newton Crouch, an established agricultural equipment manufacturer with an 80+ year history. The lease features a 10-year term with 2% annual rent bumps and 5 x 5-year renewal options, providing significant long-term stability. The asking price is $2,200,000, representing a compelling 7.50% cap rate based on a current Net Operating Income (NOI) of $165,000. The tenant, Newton Crouch, utilizes the facility as its headquarters, employing over 30 onsite personnel and conducting the vast majority of its manufacturing operations, producing approximately 300 units annually. The company also serves as a leading regional dealer for Norwesco Industrial Tanks. Significant capital improvements exceeding $900,000 have been invested since November 2021, including a new final assembly building with two new bridge cranes, three new storage buildings with new concrete pads, property fencing, driveway improvements, roof repairs, painting, lighting upgrades, and electrical and IT/cabling enhancements. This property offers a secure, high-yield investment in a thriving industrial market, backed by a strong corporate guarantee from a well-established and growing tenant. The extensive inventory of parts, including precision parts, pumps, fittings, spray tips, and tanks, further enhances the operational strength and value of this facility.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Griffin
- County
- Spalding
- State
- Georgia
- Longitude
- -84.2489
- Latitude
- 33.2475
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$12,238
$43,072
$263,168
$306,240
-
$107,680
$657,919
$765,599
